Latin American steelmakers at 42% capacity in April - Alacero says

Latin American steelmakers were operating at 42% capacity in April after at least seven blast furnaces were halted to balance supply with the demand contraction amid the Covid-19 pandemic, the region's steel association, Alacero, said on Thursday June 11.

The seven blast furnaces combined have the capacity to produce around 7 million tonnes per year of crude steel, Alacero added. For context, Latin America has an installed capacity of almost 95 million tpy of crude steel, excluding Venezuela, the association said.
Capacity utilization was at its lowest in Argentina at 18%, while Brazil was running at 43% and Mexico at 60%, Alacero said.

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